How Litigation Funding Helped Knock Down State Farm

Law360, New York (February 11, 2014, 2:15 PM EST) -- It should have been a boom time for Joseph Radcliff. After a hailstorm caused extensive damage in central Indiana in 2006, Radcliff and the employees of his roofing business helped homeowners repair the physical damage. But he didn’t stop there. Radcliff also helped his clients make claims to the carriers that had issued them insurance policies.

While many carriers paid out claims to their policyholders, some didn’t. Radcliff and many others noticed that insurance giant State Farm, in particular, was denying more claims than seemed logical....